Mexico: Banxico to keep rates on hold today - TDS

Analysts at TDS expect Banxico to keep rates on hold at 7.50%, but retain a hawkish tone.

Key Quotes

“There is also some potential for the central bank, in its forward-looking policy guidance, to downgrade the importance of the U.S. - Mexico rate differential, and upgrade domestic growth considerations. We have reassessed our inflation projections, and have slightly pushed out our estimate of the beginning of the easing cycle to October, from August.”